Dear Community,
We would like to inform you that CoinDCX will support the Mainframe (MFT) token swap, redenomination & rebranding plan to Hifi Finance (HIFI).
Timeline about this change:
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- At 02:00 PM (IST) on 29 December 2022, we will close all MFT margin positions, conduct an automatic settlement and cancel all pending MFT margin orders. We will then delist MFT/USDT, MFT/ETH margin trading pairs.
- A separate announcement will be made for relisting.
- Users are strongly advised to close their positions prior to the cessation of margin trading to avoid any potential losses.
- At 02:00 PM (IST) on 2 January 2023, we will delist all existing MFT spot trading pairs MFT/USDT, MFT/ETH and cancel all pending MFT spot trade orders. In addition, we will remove MFT from the list of supported crypto tokens on CoinDCX Pro App.
- At 2:00 PM (IST) on 12 January 2023, trading will open for HIFI/USDT, HIFI/ETH Spot trading pairs. We will also add HiFi Finance (HIFI) to the list of supported crypto tokens on CoinDCX Pro App.
Details of Token Swap:
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- We will recover all Mainframe (MFT) balances, and begin the distribution of Hifi Finance (HIFI) to all eligible users at a ratio of 1 MFT = 0.01 HIFI.
- At 2:00 PM (IST) on 12 January 2023, trading will open for HIFI/USDT and HIFI/ETH spot trading pairs. We will also add HiFi Finance (HIFI) to the list of supported crypto tokens on CoinDCX Pro App.
- We will make a separate announcement after the token swap is completed to notify users when deposits and withdrawals of Hifi Finance (HIFI) will be opened.
We appreciate your support and cooperation while we work on this. In case of any further queries, please reach out to us at Support here.
Regards,
Team CoinDCX
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